This Project Cycle Plan Chart Looks Very Much Like a Bar

question 63

Multiple Choice

This project cycle plan chart looks very much like a bar chart and is easy for management to read because of its visual nature.

• A) PERT
• B) Gantt
• C) CPM
• D) NPV
• E) Flowchart

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Definitions:

Law of Demand

The economic principle that there is an inverse relationship between the price of a good or service and the quantity demanded, assuming other factors are constant.

Price

The total of money envisaged, necessitated, or expended as a payment for something.

Quantity Supplied

The total amount of a specific good or service that producers are willing and able to sell at a given price over a certain period of time.

Resource Costs

The total expenses incurred in the production and acquisition of resources, including raw materials, labor, and capital.